The Middle East and North Africa region has raised renewables capacity by 50% in the past year and a similar boost is likely in 2024, but it still needs a 20-fold surge to replace cheap natural gas and avoid costly economic losses in the energy transition, according to a clean-energy think tank.

The region has started 6.9 gigawatts of solar and wind projects since May 2022, and another 9 gigawatt is likely to be completed by the end of next year, according to Global Energy Monitor. However, over 500 gigawatts of additional clean power is needed to replace the generation from existing oil and gas plants.

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